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Notice
This Notice is being issued to provide Participants with further information in relation to the bid and details the acceptance process through CHESS.
What do I need to do by when?
On 21 June 2022, Westpac Banking Corporation (WBC) announced a Reinvestment Offer providing eligible holders of Westpac Capital Notes 2 (ASX: WBCPE) an opportunity to apply to reinvest all or some of their Westpac Capital Notes 2 in Westpac Capital Notes 9.
Bid Details
Bidder: |
Westpac Banking Corporation |
|---|---|
UIC: |
11710 |
Registry/Agent: |
Link Market Services Limited |
ASX Code: |
WBCPE |
Offer Acceptance Codes: |
Please see below |
Syndicate Broker |
CHESS Acceptance Code |
|---|---|
Westpac Institutional Bank |
WBC101 |
ANZ Securities |
WBC102 |
Commonwealth Bank of Australia |
WBC103 |
Morgans Financial Limited |
WBC104 |
National Australia Bank Limited |
WBC105 |
Ord Minnett Limited |
WBC106 |
Shaw and Partners Limited |
WBC107 |
UBS |
WBC108 |
Bell Potter Securities Limited |
WBC109 |
Crestone Wealth Management Limited |
WBC110 |
Morgan Stanley |
WBC111 |
Wilsons Advisory and Stockbroking Limited |
WBC112 |
JBWere Limited |
WBC113 |
Institutional |
WBC114 |
Third Party |
WBC115 |
BT Financial Group |
WBC116 |
Canaccord Genuity Financial |
WBC117 |
Evans & Partners |
WBC118 |
Offer Period
Offer Open Date: |
29 June 2022 |
|---|---|
Offer Close Date: |
5:00pm (Sydney time) on 14 July 2022 (unless extended or withdrawn) |
CHESS will process offer acceptance messages until 5:00pm (Sydney time) on 14 July 2022, or in the event that the offer is extended, such other times as may be notified by WBC to the market.
For further information, please see the Westpac Capital Notes 9 Prospectus dated 29 June 2022. Alternatively, if you have any questions in relation to the Offer, please contact the Westpac Capital Notes 9 Information Line on 1800 606 866 (free call within Australia) and +61 1800 606 866 (outside Australia).
Need more information?
Issued by
Rebecca Hayes, Equity Operations
Contact information
Rebecca Hayes
1800 814 051
chesshelp@asx.com.au
General Information
Participants should refer to Section 13 of the CHESS Procedure Guidelines for Participants and Section 14 of the ASX Settlement Operating Rules for further information concerning the processing of Takeover Acceptance Messages for a CHESS Holding of securities. Some of these issues are summarised below.
- A Participant must initiate acceptance of an offer by transmission of an EIS type ‘031’ message (Takeover Acceptance) where the securities in question are held in a CHESS Holding. The Participant will receive a ‘032’ message (Effected Takeover Acceptance) from CHESS in response.
- In addition to the electronic notification to the Participant, paper notification will be sent directly to the Holder as securities are reserved in an offer-accepted subposition. Any change to the balance of securities in subposition will generate further electronic advice to the Participant and paper advice to the Holder.
- Where a Participant receives instructions from a Sponsored Holder, the Participant is required under the ASX Settlement Operating Rules to initiate acceptance of an offer:
- if the Holder specifies the time when or by which the offer must be accepted, in accordance with those instructions; otherwise
- by End of Day on the date of receipt of instructions from the Holder. Where the offer closes on the date of receipt of instructions then prior to the close of the offer.
Participants should therefore retain, as a minimum, a record of the date on which instructions to accept an offer are received from a Sponsored Holder.